Markets Edge Lower; Finish Line Earnings Beat Estimates

Following the market opening Friday, the Dow traded down 0.16
percent to 16,818.99 while the NASDAQ tumbled 0.03 percent to
4,377.86. The S&P also fell, dropping 0.11 percent to
1,955.04.

Leading and Lagging Sectors

In trading on Friday, technology shares were relative leaders,
up on the day by about 0.15 percent. Top gainers in the sector
included Aware (NASDAQ:
AWRE
), up 15.9 percent, and Progress Software (NASDAQ:
PRGS
), up 10.5 percent.

Shares of Nike (NYSE:
NKE
) got a boost, shooting up 2.76 percent to $78.98 after the
company reported better-than-expected
fiscal fourth-quarter
earnings. Nike posted its quarterly earnings of $0.78 per share
on revenue of $7.43 billion. However, analysts were expecting a
profit of $0.75 per share on revenue of $7.34 billion.

The Manitowoc Company (NYSE:
MTW
) shares were also up, gaining 9.22 percent to $32.45 after
Relational Investors bought an 8.5% stake in the company and
urged for splitting it in two. Jefferies upgraded Manitowoc from
Underperform to Hold and raised the price target from $24.00 to
$33.00.

Equities Trading DOWN

Shares of AmSurg (NASDAQ:
AMSG
) were 2.07 percent to $44.85 after the company priced 8.5
million share offering at $45.00 per share. Baird upgraded Amsurg
from Neutral to Outperform and raised the price target from
$44.00 to $55.00.

E. I. du Pont de Nemours and Company (NYSE:
DD
) shares tumbled 2.67 percent to $65.89 after the company cut its
profit guidance for the second-quarter and year.

Dollar General (NYSE:
DG
) was down, falling 4.44 percent to $58.94 after the company's
CEO
Rick Dreiling
announced his plans to retire.

The final reading of Reuter's/University of Michigan's
consumer sentiment index surged to 82.5 in June, versus a final
reading of 81.9 in May. However, economists were projecting a
final reading of 81.9.